BusinessTrade

German Customs Authorities Pursue ASOS Over Alleged Unpaid Import Duties in Ongoing Dispute

German customs authorities are pursuing ASOS for alleged unpaid import duties spanning several years, according to sources familiar with the matter. The online fashion retailer reportedly faces initial assessments in the tens of millions of euros but maintains its actual liability is significantly lower. ASOS confirmed it is contesting the claims through legal channels while continuing operations in the German market.

German Customs Investigation Targets UK Fashion Retailer

German tax authorities are reportedly pursuing ASOS for substantial unpaid customs duties, adding to the challenges facing the UK-based fast fashion retailer during its ongoing turnaround efforts. According to sources familiar with the situation, the dispute involves customs declarations on ASOS shipments crossing into Germany over multiple years, with initial assessments reaching tens of millions of euros.

BusinessEnergy

Sanedi Reports Perfect Performance Score and Fourth Straight Clean Audit in 2024/25

The South African National Energy Development Institute has reportedly achieved all its performance targets for the 2024/25 fiscal year while securing a fourth consecutive clean audit. Sources indicate the organization’s work has generated significant energy savings and tax incentives while supporting community development projects.

Perfect Performance Record Achieved

The South African National Energy Development Institute (Sanedi) has reportedly achieved an “outstanding performance” for the 2024/25 fiscal year, achieving 100% of its performance targets and securing a fourth consecutive clean audit opinion from the Auditor-General of South Africa (AGSA). According to reports, this exceptional outcome reflects the organization’s commitment to excellence, integrity and impact in advancing South Africa‘s energy sector.